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Listing Courtesy of Revived Residential
$ 2,495,000
Est. payment | /mo
10 Beds
5 Baths
5,942 SqFt
$ 2,495,000
Est. payment | /mo
10 Beds
5 Baths
5,942 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,942 sqft
Price per Sqft $419
Subdivision Weeksville
MLS Listing ID RLS20070791
Bedrooms 10
Full Baths 5
HOA Y/N No
Year Built 1910
Annual Tax Amount $17,100
Property Sub-Type Mixed Use
Property Description
Revived Commercial is exclusively retained to sell 187 Utica Ave, a brick mixed-use building, corner property located in the Crown Heights neighborhood of Brooklyn, NY. The building spans approximately 6,000 GSF including 5 FM apartments with a ground floor commercial space. The building is 28' wide and features over 100' of frontage along Utica/Park Place. The asset generates upwards of $291,000 gross annually and features renovated box-style apartments averaging approx. 900 Net SF each. The subject also benefits from a favorable tax class 2A which limits future tax increases. This is an excellent opportunity for an investor looking for a free- market core asset with a value-add component. New owner will have an opportunity to sign a new retail lease on the ground floor. A business owner/operator can occupy the commercial space, while benefiting from a steady source of revenue from the residential units. The property is situated on a busy retail corridor with excellent by car or public transit. The property has excellent access to subways and buses. The Utica Avenue subway station is 4 blocks away.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Window Unit(s)
Fireplace No
Laundry Building Other
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Mixed Use
Story 1
New Construction No
Others
Tax ID 01367-0001
Ownership None
Monthly Total Fees $1, 425
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by WJFNY